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20130115
20130115
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CSPAN 2
KGO (ABC) 2
CNBC 1
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CSPAN2 1
KPIX (CBS) 1
KTVU (FOX) 1
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Search Results 0 to 11 of about 12
CSPAN
Jan 15, 2013 7:00am EST
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
CNBC
Jan 15, 2013 6:00pm EST
in us debt. we are being told that the debt ceiling rangeling could be worse for the country than going over the fiscal cliff. how is that for frighting? representative jason, hush-hush sweet speaker whatever happened to baby budget? you get the picture so to speak. this morning a reliable steady growth story. the end of the federal tax holiday has to hurt retail doesn't it? and the facebook disappointment. you have this mystery announcement coming. instead we have an announcement of a tool to search on big social networks. what a bust. yet the market didn't get hammered and then we got the nap time and the fresh bull came to play into the bell. what is happening here? there have been different time as long the way up where we had this same exact situation like what we are seeing here today. another occurred in the first three years in the '.90s. and every single case, every single one i can recall we get this moment where the market didn't get tired, but the analyst did. many big cap stocks had run up into their price points. and they stayed bullish or they actually even raised price p
FOX News
Jan 15, 2013 6:00am PST
to raise the debt ceiling, right? president obama warned he will not enter into another game of brinkmanship as he referred to it over the debt sealing with republicans. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. investors around the world will ask if the united states of america is in fact a safe bet. the full faith and credit of the united states of america is not a bargaining chip. martha: a lot of talk about the president's demeanor at that news conference yesterday. we'll get into that a little bit more coming up but for now does this really come down to an issue of raising the spending limit or defaulting on our credibility as the president has talked about. let's bring in stuart varney, host of "varney & company" on fox business network. so, stuart, you feel the way he is framing this is incorrect? >> yes. we're not going to default, period. we are not going to default. the default means that yo
FOX News
Jan 15, 2013 3:00am PST
about the debt ceiling. remember, president bush was in office at the time, so senator obama would probably be against some of the things he was talking about, particularly the debt ceiling. the senator called it irresponsible to increase the debt. listen to then-senator obama. >> the problem is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents. number 43 added $4 trillion by his lonesome so we now have over $9 trillion of debt that we are going to have to pay back, $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >>steve: there you've got the president, back then senator, back in the day saying that president of ours, he's running up the bills, and it would be unpatriotic what he's doing. and we cannot raise the debt limit. forward to his administration, and i think this is going to be the fourth time he has asked congress to up the debt ceiling. of course what he said is, i know the republic
FOX News
Jan 15, 2013 12:00pm PST
momentarily. a day after president obama told congress to raise the debt ceiling without delay, we are getting a similar warn from this leading credit rating agencies. reporting that fail tower increase the debt limit in time could cost the country's credit rating. s&p stripped the u.s. of its triple-a rating after the disaster over the debt in 2011. members of congress are asking for spending cuts to go along with the increase in the borrowing authority. but the president insists they are two separate issues. what is happening in washington, d.c.? >> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the point that we are on an unsustainable path. >> reporter: portman ackn
CSPAN
Jan 14, 2013 11:00pm EST
raising the debt ceiling gives the government the ability to pay its existing bills. it doesn't create new deficit spending. so not raising the debt ceiling is sort of like a family that's trying to improve its credit rating. families that say, i know how we can save money, we won't pay her credit card bills. it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise that as an additional fiscal cliff that is facing us? would you think that it's not as concerning as it was when you raise that term initially? >> as i said the fiscal cliff, if it is allowed to take place, it probably would have traded a recession this year. a good bit of that has been a
ABC
Jan 14, 2013 11:35pm PST
the debt ceiling. he announced if congress doesn't raise the debt ceiling america will go into default on its loans and we might have to say good bye to florida. an economist named paul krugman is supportive of an idea as a stopgap. he is suggesting that the treasury mint a trillion dollar county and deposit it in the federal reserve which is how "the lord of the rings" starts, isn't it? i don't know if americans could be trusted with a trillion dollar coin. 100 billion bags of doritos comes down. the treasury will not mint a trillion dollar coin. that is a shame. wouldn't it be nice to mint up nine or ten and say we're even. get this crap you made out of here and leave us alone. thank you. this is a great video. this was shot at the u.s. military academy in west point. a cadet found a mouse in his dorm room and he released a it into the wild. >> you're free. go. get on out. good luck. >> how do you feel? >> i feel relieved. that he's not going to wake me up in my bed any more crawl on my leg. but kind of sad. just got to know him. and -- oh, no. no! you kidding me? he didn't last five
CBS
Jan 15, 2013 7:00am PST
in the nation's $16.4 trillion debt ceiling due to expire in mid to late february. the nation's debt increased $5.8 trillion on mr. obama's watch. he's raised it four times, three in negotiations with congress. doesn't that suggest that we are going to go into a default situation because no one is talking to each other about how to resolve this? >> the fact of the matter is that we have never seen the debt ceiling used in this fashion where the notion was, you no he what? we might default unless we get 100% of what we want. that hasn't happened. >> reporter: house republicans like utah's jason chaffetz say the president is going to have to negotiate or preside over default. >> the president has to realize that republicans believe strongly you can't keep spending money the country doesn't have. >> reporter: though the showdown is at least six weeks out the president spoke gloomily of an economy. >> the republican in congress have two choices, act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will n
CNN
Jan 15, 2013 6:00am PST
contact.com/try. >>> to washington now where yet another battle is brewing, this time it's over the debt ceiling and from the white house to capitol hill democrats and republicans are sparring over the best way to ensure the nation pays its bills and now they're taking the fight to you as both sides try to sell their point of view. president obama warning about what could happen if that debt limit is not raised. >> if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops or contracts with small business owners. investors around the world will ask if the united states of america a safe bet. >> the republican house speaker john boehner responding immediately to the president's remarks issuing a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, c
CSPAN
Jan 15, 2013 10:00am EST
the debt ceiling or later on over the continuing resolution to? finance to? -- or the continuing resolution to finance the government? guest: i've only been here two years. i truly believe that when i ran and even more so now, we are a nation at risk. every american, regardless of political affiliation. so we have to reduce federal spending. this is the time right now. some of my colleagues were saying let's get through the fiscal cliff and the real fight is the continuing resolution or the real fight is the debt limit. i hear that and it goes on. host: where do you insist on spending cuts? is that the debt ceiling or the continuing resolution? guest: it is that every point. host: all of the above? guest: yes. when the president says he wants a balanced approach, i believe him. i was looking for the simpson- bowles model, fighting for least 2 to 1. i was hoping for 1 to 1. i was disappointed and deeply surprised we did not get that in this fiscal cliff. here i was as a republican, so often introduced on tv shows and news shows, "coming up, a republican who says we need higher revenues." an
ABC
Jan 15, 2013 7:00am PST
conference of his first term to issue an ultimatum to congressional republicans, raise the debt ceiling. but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: stakes are higher than they were during the new year's eve showdown over the fiscal cliff. if an agreement isn't reached, the federal government faces default on its debt and a partial shutdown. >> social security checks and veterans benefits will be delayed. we might not be able to pay our troops. >> reporter: some have suggested president obama would have better luck with the republicans if he socialized with them. the president said that probably wouldn't make much of a difference, but he wouldn't mind trying. >> most people who k
FOX
Jan 15, 2013 7:00am PST
if congress doesn't raise the debt ceiling. president obama says he will not negotiate this issue with congress but republicans want any increase in the debt ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are closely watching this debate in washington. the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue
Search Results 0 to 11 of about 12